FCFS FY 2012 Earnings Report — FirstCash Holdings, Inc Revenue & Financial Results | Market Cap Arena

FirstCash Holdings, IncFCFS

FY 2012 Earnings

Reported February 22, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$592M	—	$514M	—	15.2%
Op. Income	$124M	—	$107M	—	15.5%
Gross Margin	56.7%	—	56.3%	—	0.4pp
Net Margin	13.6%	—	15.1%	—	-1.6pp
EPS (Diluted)	$2.70	—	$2.47	—	9.3%
Free Cash Flow	$67M	—	$51M	—	30.3%

Revenue Flow

Item	Amount
REVENUE	$592M
Cost of Revenue	$257M
GROSS PROFIT	$336M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$50M
SG&A Expenses	$50M
Other Expenses	$162M
Operating Expenses	$212M
Cost & Expenses	$469M
OPERATING INCOME	$124M
Interest Income	$216.0K
Interest Expense	$1M
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$122M
Income Tax Expense	$41M
Net Income from Continuing Ops	$81M
Net Income from Discontinued Ops	-$503.0K
Other Adjustments	$0
NET INCOME	$80M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$80M
D&A	$13M
EBIT	$124M
EBITDA	$137M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$592M
Cost of Revenue	$257M
GROSS PROFIT	$336M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$50M
SG&A Expenses	$50M
Other Expenses	$162M
Operating Expenses	$212M
Cost & Expenses	$469M
OPERATING INCOME	$124M
Interest Income	$216.0K
Interest Expense	$1M
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$122M
Income Tax Expense	$41M
Net Income from Continuing Ops	$81M
Net Income from Discontinued Ops	-$503.0K
Other Adjustments	$0
NET INCOME	$80M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$80M
D&A	$13M
EBIT	$124M
EBITDA	$137M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$80M
Depreciation & Amortization	$13M
Stock-Based Compensation	$1M
Deferred Income Tax	$3M
Other Non-Cash Items	$2M
Change in Working Capital	-$11M
OPERATING CASH FLOW	$89M
Capital Expenditure	-$22M
Acquisitions (Net)	-$121M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$17M
NET CASH FROM INVESTING	-$160M
Net Debt Issuance	$101M
Common Stock Repurchased	-$61M
Common Dividends Paid	$0
Other Financing Activities	$10M
NET CASH FROM FINANCING	$50M
FREE CASH FLOW	$67M
Net Change in Cash	-$20M

Balance Sheet

Item	Amount
Cash & Equivalents	$50M
Short-Term Investments	$0
Net Receivables	$120M
Inventory	$65M
Other Current Assets	$1M
TOTAL CURRENT ASSETS	$241M
PP&E (Net)	$93M
Goodwill	$166M
Intangible Assets	$0
Long-Term Investments	-$1M
Tax Assets	$1M
Other Non-Current Assets	$7M
TOTAL NON-CURRENT ASSETS	$266M
TOTAL ASSETS	$508M
Account Payables	$3M
Short-Term Debt	$3M
Deferred Revenue	$9M
Other Current Liabilities	$5M
TOTAL CURRENT LIABILITIES	$31M
Long-Term Debt	$111M
Deferred Revenue NC	-$103M
Deferred Tax Liabilities	$13M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$124M
TOTAL LIABILITIES	$155M
Common Stock	$388.0K
Additional Paid-In Capital	$159M
Retained Earnings	$414M
Treasury Stock	-$214M
Accum. Other Comp. Income	-$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$352M
Minority Interest	$0
TOTAL EQUITY	$352M
TOTAL LIABILITIES & EQUITY	$508M
Total Debt	$114M
Net Debt	$64M